๐Solana price analysis
๐ Solana Recovers to $137
Solana (SOL) rebounded sharply from $122 on June 24 and re-entered the descending channel pattern on June 25.
๐ป Bears Target 20-day EMA
Bears will try to halt the relief rally at the 20-day EMA ($143). If the price turns down sharply from this level, the SOL/USDT pair could tumble to crucial support at $116. Bulls are expected to defend this level fiercely, as a break below it could lead to a drop to $100.
๐ Potential Upside
If bulls push the price above the 20-day EMA, it will indicate reducing selling pressure. The pair may then climb to the channelโs resistance line. A break above the channel would shift the advantage in favor of the bulls.
